House China panel head urges JPMorgan and Bank of America to halt work on CATL listing

A special commission has asked the two banking giants to withdraw from the operation, which could raise 5 billion dollars in Hong Kong

US House Committee Urges BofA & JPM To Abandon Chinese Firm's IPO Deal

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House China Committee Urges Bank of America, JPMorgan to Withdraw From CATL IPO

The chairman of the House panel on the Chinese Communist Party urged two U.S. banks to withdraw from working on a first-time share sale of a Chinese electric vehicle battery titan, saying they could face “significant regulatory, financial, and reputational risks” by underwriting its listing. Rep. John Moolenaar (R-Mich.), chairman of the House Select Committee on the Chinese Communist Party, urged Bank of America and JPMorgan Chase on April 17 t…

Select Committee on China Calls on JPMorgan and Bank of America to Withdraw from IPO Deal with Chinese Military-Linked Company

April 17, 2025 • Press Release Washington, D.C. — Today, Chairman John Moolenaar of the House Select Committee on China sent a letter to JPMorgan Chase & Co. CEO Jamie Dimon and Bank of America CEO Brian Moynihan demanding the banks withdraw from their role in the upcoming Hong Kong initial public offering (IPO) of Contemporary Amperex Technology Co., Limited (CATL). The Department of Defense has designated CATL as a “Chinese military company” u…

JPMorgan and BofA should stop work on IPO for China’s CATL, lawmaker says

By Karen Freifeld (Reuters) – JPMorgan Chase & Co and Bank of America should withdraw from working on the initial public offering of Chinese electric vehicle battery giant CATL, a Republican lawmaker said on Thursday. John Moolenaar, who chairs the House Select Committee on China, said he sent letters to JPMorgan CEO Jamie Dimon and Bank of America CEO Brian Moynihan, urging them to pull out of underwriting the upcoming Hong Kong IPO. CATL has b…

House China panel head urges JPMorgan and Bank of America to halt work on CATL listing

John Moolenaar warns banks of ‘regulatory, financial and reputational risks’ for working on deal